115 Vernon St
Lagrange, GA 30240
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15 year absolute NNN lease structure with zero landlord responsibilities to allow for passive ownership.
- Situated near the signalized intersection of Layfayette Pkwy and US Hwy 27 which has a combined traffic count of 34,000 VPD.
- Walgreens is rated BBB by S&P providing long term security.
- The leases call for 5% rental increases every five years to provide a strong hedge against inflation
- Strong performing store with $2.9 million in sales volume.
- LaGrange High School and Franklin Forest Elementary School, both located within a One-Mile Radius ~ combined enrollment of over 1,900 students
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,379 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.47 AC
Zoning
022
Parking
37 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
409’ on South Lewis Street
PROPERTY TAXES
| Parcel Number | 061-4W-010-001 | Improvements Assessment | $908,480 |
| Land Assessment | $367,480 | Total Assessment | $1,275,960 |
